The Austral Eighth Avenue Debt transaction allows wholesale investors access to participate alongside an experienced institutional lending group. The debt package will total around $7.7mm and funded the successful purchase of the development site and subsequent construction into 26 residential lots.

Maturity

11 Months

Total Lots

26

LVR

68%

Investment Type

Debt - senior, secured

Asset Class

Residential Development

IRR

10% p.a.